Clarius Group LLC Has $1.60 Million Stock Holdings in Citigroup Inc. $C

Clarius Group LLC cut its position in Citigroup Inc. (NYSE:C) by 6.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,774 shares of the company’s stock after selling 1,390 shares during the period. Clarius Group LLC’s holdings in Citigroup were worth $1,598,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Diligent Investors LLC acquired a new stake in Citigroup in the second quarter worth $228,000. Oak Hill Wealth Advisors LLC raised its holdings in Citigroup by 6.6% in the second quarter. Oak Hill Wealth Advisors LLC now owns 8,129 shares of the company’s stock worth $696,000 after purchasing an additional 500 shares during the period. AMF Tjanstepension AB raised its holdings in Citigroup by 44.0% in the second quarter. AMF Tjanstepension AB now owns 855,305 shares of the company’s stock worth $72,835,000 after purchasing an additional 261,476 shares during the period. Apexium Financial LP raised its holdings in Citigroup by 4.8% in the second quarter. Apexium Financial LP now owns 4,229 shares of the company’s stock worth $360,000 after purchasing an additional 193 shares during the period. Finally, Quent Capital LLC raised its holdings in Citigroup by 4.0% in the second quarter. Quent Capital LLC now owns 5,757 shares of the company’s stock worth $490,000 after purchasing an additional 222 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Peter B. Henry sold 3,000 shares of the firm’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the transaction, the director owned 2,140 shares of the company’s stock, valued at approximately $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on C. Barclays raised their price objective on shares of Citigroup from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Dbs Bank lowered shares of Citigroup from a “moderate buy” rating to a “hold” rating in a report on Monday, September 22nd. Wells Fargo & Company raised their price objective on shares of Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Piper Sandler raised their price objective on shares of Citigroup from $84.00 to $104.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Finally, Evercore ISI set a $77.00 price objective on shares of Citigroup in a report on Monday, July 7th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Citigroup has an average rating of “Moderate Buy” and a consensus target price of $99.68.

Citigroup Stock Up 0.2%

Citigroup stock opened at $97.58 on Friday. The company has a market cap of $179.64 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 0.84 and a beta of 1.37. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $105.59. The company has a fifty day simple moving average of $96.79 and a 200 day simple moving average of $82.97. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61.

Citigroup (NYSE:C) last released its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.35. The business had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.52 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. This is an increase from Citigroup’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Monday, August 4th. Citigroup’s payout ratio is 35.45%.

About Citigroup

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.